The stock of Gladstone Commercial Corporation (NASDAQ:GOOD) hit a new 52-week high and has $20.69 target or 7.00% above today’s $19.34 share price. The 6 months bullish chart indicates low risk for the $458.57M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $20.69 price target is reached, the company will be worth $32.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 144,660 shares traded hands. Gladstone Commercial Corporation (NASDAQ:GOOD) has risen 15.68% since April 22, 2016 and is uptrending. It has outperformed by 10.27% the S&P500.

According to Zacks Investment Research, “Gladstone Commercial Corporation is a publicly traded real estate investment trust that focuses on investing in and owning triple-net leased industrial and commercial real estate properties and selectively making long-term mortgage loans. Its goal is to pay our shareholders dividends on a monthly basis. Its objective is to increase the amount of dividends paid out each year.”

More notable recent Gladstone Commercial Corporation (NASDAQ:GOOD) news were published by: Globenewswire.com which released: “Gladstone Commercial Corporation Appoints CFO” on October 21, 2016, also Nasdaq.com with their article: “Gladstone Commercial Corporation (GOOD) Ex-Dividend Date Scheduled for …” published on November 14, 2016, Globenewswire.com published: “Gladstone Commercial Corporation Reports Results for the Third Quarter Ended …” on October 31, 2016. More interesting news about Gladstone Commercial Corporation (NASDAQ:GOOD) were released by: Globenewswire.com and their article: “Gladstone Commercial Corporation Signs 5-Year Lease Extension at its Wichita …” published on October 31, 2016 as well as Seekingalpha.com‘s news article titled: “Quick Update On Gladstone Commercial Corporation’s Preferred Shares” with publication date: July 20, 2016.

GOOD Company Profile

Gladstone Commercial Corporation, incorporated on February 14, 2003, is a real estate investment trust (REIT). The Firm focuses on acquiring, owning and managing office and industrial properties, and making long-term industrial and commercial mortgage loans. The Company’s portfolio of real estate is leased to a section of tenants ranging from small businesses to large public companies. The Firm owns a total of approximately 100 properties across over 20 states. The Firm conducts its activities, including the ownership of its properties, through Gladstone Commercial Limited Partnership (the Operating Partnership).